On this episode of the Industrial Advisors Podcast, Bill Condon and Matt McGregor talk about the rise of multi-story warehouses in dense urban areas where land is often very expensive. They discuss two styles of multi-story warehouses: ones where truck courts are stacked vertically and others that are accessed via freight elevators. The hosts also discuss the potential struggles these buildings might encounter in the future such as vacancy rates, high value location, and how e-commerce may contribute to their success. They highlight some examples of multi-story warehouses including the Bronx Logistics Center in New York and Seattle Metro Logistics. The discussion concludes with speculation about the future of these buildings, particularly in regard to leasing challenges and rates.

00:39 Discussion on Multi-Story Warehouses

01:32 Different Styles of Multi-Story Warehouses

02:02 Location and Value of Multi-Story Warehouses

02:49 Challenges and Market Response to Multi-Story Warehouses

05:34 Future Predictions and Closing Remarks